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Putting People to Work, Toyota Motor Announces New Hiring Plan


Oct. 17 2016, Updated 10:04 a.m. ET

Price movement

Toyota Motor (TM) has a market cap of $192.5 billion. It fell 0.40% to close at $114.69 per share on October 13, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.5%, -2.4%, and -6.8%, respectively, on the same day.

TM is trading 1.7% below its 20-day moving average, 2.7% below its 50-day moving average, and 4.6% above its 200-day moving average.

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Related ETF and peers

The Schwab Fundamental International Large Company ETF (FNDF) invests 0.07% of its holdings in Toyota Motor. The ETF tracks an index of large companies from developed markets outside the United States. Its selection and weighting is based on fundamental factors, including sales, cash flow, and dividends and buybacks. The YTD price movement of FNDF was 3.9% on October 13.

The market caps of Toyota Motor’s competitors are as follows:

  • General Motors (GM): $49.5 billion
  • Ford Motor (F): $47.7 billion

Latest news on Toyota Motor

In an October 14, 2016, press release, Reuters reported, “Toyota Motor Corp on Thursday said it will hire 1,000 additional staff for its new U.S. base under construction in a Dallas suburb.”

It also noted, “Toyota’s new 100-acre (40.5-hectare) headquarters campus in Plano, Texas is set to open in mid-2017, and will employ about 4,000, including the new hires, Toyota said.”

In an October 13, 2016, press release, Reuters reported, “Poland has attracted a major investment in its automotive industry from the United States and it is also in talks with Toyota on a potential new project in Poland, Deputy Prime Minister Mateusz Morawiecki said on Thursday.”

Toyota’s sales in September 2016

In September 2016, Toyota Motor reported total sales of 197,000 units, a rise of 1.5% compared to September 2015. It reported total Toyota division sales of 171,000 units, a rise of 1.4%, and total Lexus sales of 26,000 units, a rise of 2.0%, over September 2015.

By type, Toyota reported total car sales of 92,000 units, a fall of 9.2% compared to September 2015. It reported total truck sales of 105,000 units, a rise of 13.3% over September 2015.

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